George Soros Is Going After The Two Most Hated Currencies In The World
GBP was always one mans playground
The link at the first post was not working - updated the link to the article link and it is OK now
no good for all the continuing rising prices here, most of us can only afford Horse these days,
but should help exports and so to avoid the triple dip recession,
there seems to be a strong range for the GBP of approx 1.45-1.60 - but would assume the safe bottom is more like 1.50approx so would nt condemn the GBP quite yet
have to take some of the top manipulators statements with a large pinch of salt
(esp as allegedly Soros does know the Devil personally)
these guys will have been in the trades for wks, and is likely they ve even closed alot of there positions
one of the Rochchilds stated he was short Euro months ago and all the Euro did was carry on going up,
or maybe he was just wrong (although doubt it)
let me guess...Soros using Alpari...
let me guess...Soros using Alpari...
I read all about it much earlier in 60-70, while growing up in Soviet Union...word for word...and Soros is now taking the claim:) "The network of Open Society Foundations or OSF (named Open Society Institute or OSI until 2011), is a grantmaking operation started by George Soros, aimed to shape public policy to promote democratic governance, human rights, and economic, legal, and social reform. On a local level, OSF implements a range of initiatives to support the rule of law, education, public health, and independent media. At the same time, OSF works to build alliances across borders and continents on issues such as combating corruption and rights abuses."
P.S.: "Left-wing critics of Soros and the Open Society Foundations argue that these institutions serve primarily to reinforce the existing social order"...I didn't know there was someone on the left of Soros:)
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The two most hated currencies in the world right now are: The Japanese Yen and The British Pound.
In the case of the yen, the new Prime Minister Shinzo Abe has come into power with an aggressive easing agenda (both monetary and fiscal). The yen has been getting slaughtered since November.
In the case of the British pound (which has been getting hammered all year) the currency is weakening on a combination of weak economic prospects, a worsening balance of trade, and the expectation that newly incoming Bank of England chief Mark Carney will be inclined to ease policy further.
And George Soros is apparently going after both currencies.
The FT's Sam Jones reports:
Ask some of the world’s biggest hedge funds where they are watching for the next big shift in global markets and many will point to the same place: sterling. Having made billions successfully shorting the yen since November, top global macro traders – funds such as Soros Fund Management, Tudor Investment Corporation, Caxton Associates and Moore Capital – are increasingly looking at the pound.
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